File No. 812.516/123

Special Representative Rodgers to the Secretary of State


29. In reply to Department’s 54, April 22, 4 p.m. No action as to banks of issue yet; matter still being considered. Moratorium decree dealing with this and matters related thereto delayed but officially informed will be issued soon.

Present intention with bankers based upon current currency questions anticipatory its new issue. Apparently no progress by Government in matter controlling exchange rate.